Nikkei drops to one-week low

Japanese shares fell to a one-week low today and dropped to their largest one-day fall in three weeks after investors turned risk averse due to the downed Malaysian Airlines passenger jet shot down over Ukraine's eastern border.

The Nikkei sank 1% to 15,215.71, its lowest close since July 11. The index also fell 1.7% at one point during Friday's trading.

The Topix shed 0.8% to 1,263.29 at the close of trading in Tokyo. JPX-Nikkei Index 400 dropped 0.7% to 11,505.50.

I agree. This market can't handle and major downturn and the market participants are becoming more traders and less real investors. Sadly this market is supported by government and central bank illusionary backstops and easy money policies similar to the housing market the last run up. The end results will be the same.

In the meantime, the market keeps rising by encouraging companies to take on more debt, buyback stock rather than invest, and move all profits and manufacturing away from the US. Clearly, we can see this is bad. As for Japan, the US is also invested in QE which has laid low Japan which has never recovered from their terrible decision. Let us hope we don't duplicate Japan with QE that doesn't end and an economy that doesn't grow for decades.